Applied Digital Corporation (APLD)

NASDAQ: APLD · IEX Real-Time Price · USD
2.710
-0.360 (-11.73%)
At close: Apr 12, 2024, 4:00 PM
2.730
+0.020 (0.74%)
After-hours: Apr 12, 2024, 7:58 PM EDT
-11.73%
Market Cap 330.74M
Revenue (ttm) 143.91M
Net Income (ttm) -91.30M
Shares Out 122.04M
EPS (ttm) -0.82
PE Ratio n/a
Forward PE 45.36
Dividend n/a
Ex-Dividend Date n/a
Volume 11,087,607
Open 3.250
Previous Close 3.070
Day's Range 2.650 - 3.480
52-Week Range 2.650 - 11.620
Beta 4.04
Analysts Strong Buy
Price Target 10.75 (+296.68%)
Earnings Date Apr 11, 2024

About APLD

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas. [Read more]

Industry Capital Markets
Sector Financials
Founded 2001
Employees 121
Stock Exchange NASDAQ
Ticker Symbol APLD
Full Company Profile

Financial Performance

In 2023, APLD's revenue was $55.39 million, an increase of 547.94% compared to the previous year's $8.55 million. Losses were -$44.65 million, 89.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for APLD stock is "Strong Buy." The 12-month stock price forecast is $10.75, which is an increase of 296.68% from the latest price.

Price Target
$10.75
(296.68% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Applied Digital shares fall after power outage dings results

Shares of Applied Digital APLD, +2.68% fell after the company's revenue missed estimates following a power outage.

2 days ago - Market Watch

Applied Digital misses quarterly revenue estimate amid power disruption at data center

Data-center services provider Applied Digital missed Wall Street estimates for third-quarter revenue on Thursday, pressured by a power disruption at its Ellendale data center unit in January.

2 days ago - Reuters

Applied Digital Reports Fiscal Third Quarter 2024 Results

DALLAS, April 11, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

2 days ago - GlobeNewsWire

Applied Digital Reschedules Fiscal Third Quarter 2024 Earnings Conference Call to Thursday, April 11, 2024 at 5:00 p.m. Eastern Time

DALLAS, April 09, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure d...

4 days ago - GlobeNewsWire

Applied Digital Issues $50 Million Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota

DALLAS, April 01, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

12 days ago - GlobeNewsWire

Applied Digital Sets Fiscal Third Quarter 2024 Earnings Conference Call for Wednesday, April 10, 2024 at 9:00 a.m. Eastern Time

DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure d...

16 days ago - GlobeNewsWire

Applied Digital Among First Cloud Service Providers to Use New NVIDIA Blackwell Platform

Applied Digital to use the latest NVIDIA Blackwell platform-based GPUs for HPC applications, ensuring cutting-edge computing power for AI, machine learning, and graphics rendering.

25 days ago - GlobeNewsWire

Applied Digital Announces Agreement to Sell Garden City Campus to Marathon Digital Holdings

• Divestiture Reflects Strategy to Focus on Strategic HPC Sites in North Dakota • Redirects Resources and Strengthens Balance Sheet DALLAS, March 15, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporati...

4 weeks ago - GlobeNewsWire

Applied Digital Provides Update on Anchor Tenant at Ellendale HPC Facility

DALLAS, March 08, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

5 weeks ago - GlobeNewsWire

Applied Digital Completes Financing for Jamestown HPC Data Center Campus

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

5 weeks ago - GlobeNewsWire

Applied Digital Joins AI Alliance to Collaborate with Industry Leaders to Advance Open, Safe, and Responsible AI

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

2 months ago - GlobeNewsWire

Applied Digital's Ellendale data center unit faces power outage, shares slump

Applied Digital said on Friday revenue from its Ellendale data center hosting facility would take a hit in the current quarter by an ongoing power outage, sending its shares down more than 10% in exte...

2 months ago - Reuters

Applied Digital Secures Additional Financing

DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

2 months ago - GlobeNewsWire

Applied Digital shares drop after quarterly revenue misses estimates

Data-center services provider Applied Digital missed Wall Street estimates for second-quarter revenue on Tuesday, hurt by cautious spending by businesses in an uncertain economy, sending its shares do...

3 months ago - Reuters

Applied Digital Signs Anchor Tenant at Ellendale HPC Facility

Further validates the Company's cost-effective high-performance compute solutions Further validates the Company's cost-effective high-performance compute solutions

3 months ago - GlobeNewsWire

Applied Digital Reports Fiscal Second Quarter 2024 Results

- Generated Sequential Revenue Growth of 16% - - Anchor Tenant Update - DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a des...

3 months ago - GlobeNewsWire

Applied Digital Sets Fiscal Second Quarter 2024 Earnings Conference Call for Tuesday, January 16, 2024 at 9:00 a.m. Eastern Time

DALLAS, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure de...

3 months ago - GlobeNewsWire

Applied Digital Announces Long-Term Supply Agreement with TerraForm Power

DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital " or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

4 months ago - GlobeNewsWire

APPLIED DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Applied Digital Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Applied Digital Corporation (NASDAQ: APLD) o...

4 months ago - Business Wire

Applied Digital to Host Ribbon Cutting Ceremony at its 200-Megawatt Datacenter in Garden City, Texas

The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockchain Hosting Locations The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockch...

4 months ago - GlobeNewsWire

Kate Reed Elected to Applied Digital Board of Directors

Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership

5 months ago - GlobeNewsWire

WEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI Customers

DENVER , Nov. 15, 2023 /PRNewswire/ -- From Supercomputing 2023, WekaIO (WEKA), the data platform software provider for AI and other performance-intensive workloads, announced today that it is working...

5 months ago - PRNewsWire

Applied Digital Announces Upcoming Investor Events

DALLAS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

5 months ago - GlobeNewsWire

Applied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, Texas

Initial Energization of Garden City Facility Represents Third Facility to be Successfully Energized in North America Initial Energization of Garden City Facility Represents Third Facility to be Succes...

6 months ago - GlobeNewsWire

Applied Digital Announces Details for Investor Day on October 12, 2023

DALLAS, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

6 months ago - GlobeNewsWire